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Thursday, 28 April 2011

East Africa: EU official urges Europe to boost ties with the region

The head of the European Union Delegation to Tanzania, Ambassador Tim Clarke, has called upon European business community to tap the increasing trade and investment opportunities resulting from the East African regional integration. Speaking at a Business Networking meeting in Dar es Salaam this week, Ambassador Clarke said that given its geographic location Tanzania has potential to serve as a gateway to the East African region. He therefore urged European businesses to see to it that they fully utilise the opportunity for their benefit and that of the country and the EA region as a whole. "Implementation of the EAC Common Market, as it evolves, will bring increasing trade and investment opportunities for EU businesses," he said. The EU, with its member states, is not only the largest development partner of Tanzania, but EU companies also bring significant investment to Tanzania, Ambassador Clarke said. The Business Networking meeting, which aimed to provide a platform for European business representatives to meet and exchange views on challenges and opportunities of doing business in Tanzania, was organised by the EU Delegation and EU member States present in Tanzania.

Source: AllAfrica/The Citizen